A few days ago, the one card I am an AU on reported with a small 39.00 charge out of 2000 limit.
This made my TU and EX go up about 10 points, but I can't figure out why.
The card has always been listed on my reports and nothing about it has changed.
Is it simply because it is showing "responsible usage?"
Funny thing is that it did not effect my EQ at all.
That's true. I did have 1 inquiry fall as well as have 2 accounts age another year.
I do know the card was completely dormant - I asked my mom who is the account holder - when I got the alert to make sure there was no fraud. She told me she put a charge on it just to keep it open and going since she hadn't in several months.
I just figured it was correlated since the score change occurred when that card reported.
@LCC_mk14wrote:A few days ago, the one card I am an AU on reported with a small 39.00 charge out of 2000 limit.
This made my TU and EX go up about 10 points, but I can't figure out why.
The card has always been listed on my reports and nothing about it has changed.
Is it simply because it is showing "responsible usage?"
Funny thing is that it did not effect my EQ at all.
If your other cards reported a zero balance it would be normal for a small balance on one card to increase your FICO 8 and FICO 9 scores.
I thought about that as well, but 4 of my own 10 credit accounts report a balance.
If only we could figure out the Fico algorithm, haha